First Interstate BancSystem, Inc. (NASDAQ:FIBK) announced a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Shareholders of record on Wednesday, August 2nd will be given a dividend of 0.24 per share by the financial services provider on Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, July 31st.

First Interstate BancSystem (NASDAQ:FIBK) traded down 0.54% during mid-day trading on Friday, reaching $36.55. The company’s stock had a trading volume of 75,621 shares. The firm has a market cap of $1.65 billion, a PE ratio of 16.69 and a beta of 1.15. The stock’s 50 day moving average is $36.96 and its 200 day moving average is $39.35. First Interstate BancSystem has a one year low of $28.00 and a one year high of $45.35.

First Interstate BancSystem (NASDAQ:FIBK) last posted its earnings results on Tuesday, April 25th. The financial services provider reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.02. First Interstate BancSystem had a return on equity of 9.99% and a net margin of 22.60%. The firm had revenue of $98 million for the quarter, compared to analyst estimates of $105.22 million. On average, analysts anticipate that First Interstate BancSystem will post $2.28 EPS for the current year.

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A number of research firms have recently commented on FIBK. Keefe, Bruyette & Woods set a $43.00 target price on First Interstate BancSystem and gave the stock a “hold” rating in a research report on Saturday, May 27th. BidaskClub upgraded First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Wells Fargo & Company upgraded First Interstate BancSystem from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded First Interstate BancSystem from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Friday, April 28th. Finally, Barclays PLC reiterated an “overweight” rating and set a $41.00 target price on shares of First Interstate BancSystem in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.75.

About First Interstate BancSystem

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.

Dividend History for First Interstate BancSystem (NASDAQ:FIBK)

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